ChemChina's Ren Jianxin named Pirelli chairman

MILAN, Italy (Oct. 21, 2015) — Pirelli & C. S.p.A.'s board of directors has nominated China National Chemical Corp. Chairman Ren Jianxin to be chairman of Pirelli, succeeding Marco Tronchetti Provera, who has resigned in the wake of ChemChina's acquisition of majority control of Pirelli.

The board also nominated a slate of new board members, including Mr. Jianxin, to succeed five board members who resigned effective Oct. 19.

Mr. Ren, 57 and chairman of ChemChina since December 2014, said he sees “great perspectives for growth on the horizon” for Pirelli, which he said “represents and will continue to represent Italian technological excellence throughout the world.” He also noted that he shares with Mr. Tronchetti Provera a “passion for work and a desire to make Pirelli grow even more.”

In turn, Mr. Tronchetti Provera, who continues as executive vice chairman, noted that ChemChina offers “new opportunities for growth and development thanks to our complementary geographic footprints and the synergies that we will achieve in the Industrial segment.”

The outgoing chairman also noted that aligning with ChemChina “offers new perspectives of growth above all in Asia and in particular China, markets of great strategic importance for Pirelli."

Also nominated for the board are:

Yang Xingqiang, vice president of ChemChina since January 2009 and before that vice president of China National Bluestar (Group) Co. Ltd. from 2001 to 2004.

Zhang Junfang, a professor at Swinburne University of Technology; and

Wang Dan and Tao Haisu, for whom no biographical information was provided.

Related Articles

Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].